Internet News

Wednesday, February 8, 2012

Akamai CFO Sherman leaves for HubSpot
Akamai chief financial officer J.D. Sherman is leaving the Cambridge Internet data delivery firm after six years, heading across town to venture-backed HubSpot to take a role as president and chief operating officer. James Benson, senior vice president of finance, is taking over as CFO.
Akamai advances mobile plans with Blaze buy
Akamai Technologies Inc. has bought Canadian company Blaze Software Inc. for an undisclosed amount of cash, to give it a technology that speeds up Web page rendering by optimizing delivery of content.
Zmags makes Merryweather the new CFO
Rich media marketing company Zmags Inc. has named Hugh Merryweather, former global CFO and head of new business development at concierge services provider Circles, as the Boston company's new CFO.

Tuesday, February 7, 2012

MITX appoints Grimaldi as chairman
The Massachusetts Innovation & Technology Exchange named Joe Grimaldi, CEO and chairman of advertising agency Mullen, as the organization’s new chairman.

Monday, February 6, 2012

Brightcove sets IPO share range, boosts offering to $69M
Online video services firm Brightcove has boosted the amount of money its looking to raise from its IPO, to $69 million from $50 million, and said it expects to sell shares for up to $12 a piece.
Verizon and Coinstar team on Netflix-like venture
California-based Netflix Inc. shares started the day down 2.5 percent as an as-yet-unnamed venture of Verizon Communications Inc. and Redbox operator Coinstar Inc. plans to provide streaming video on-demand and DVD and Blu-Ray disc rentals.

Friday, February 3, 2012

Blog: With Komen and SOPA, the web has finally grown up
MHT Managing Editor Rodney Brown: It wasn't until a pair of recent events that one could truly say the Internet in general and social media in particular was more than a way for people to share funny cat pictures or post horrified exclamations about what is happening on Glee.
PC Connection names Driscoll as new CFO
PC Connection Inc., the online technology retailer based in Merrimack, N.H., has named Joseph S. Driscoll as the company’s new CFO and treasurer.
LeveragePoint leverages backers for $713K more
LeveragePoint Innovations Inc., a startup that provides a sales negotiation online platform, has kicked up its initial fundraise to $713,000, according to an SEC filing.

Thursday, February 2, 2012

Zipcar buys majority stake in Spain’s Avancar
Zipcar Inc. is now the majority owner of a Spanish company it had previously invested in, Catalunya Carsharing S.A., known as Avancar and the first car sharing operator in Spain.

Tuesday, January 31, 2012

Silverlink socks away $2M in new funding round
Patient communications services company Silverlink Communications Inc. has landed $2 million of a planned $2.04 million Series D funding round.

Monday, January 30, 2012

Blog: Facebook data can – and should – change Congress
An open letter to Mark Zuckerberg: Dear Mr. Zuckerberg, I have a proposal that might allow Facebook to change the way governing happens in the United States: Give away aggregated political data for free to all representatives and senators in Congress.
RatePoint closing after quiet Constant Contact partial buy
RatePoint Inc. of Needham quietly sold parts of its business to Constant Contact Inc. in November 2011 for an unknown amount. The site will shut down operations as of Feb. 2, according to posting in the customer support part of its website.

Friday, January 27, 2012

Bocoup, Atlas launch site to search angel deal data
Startup Data Trends, a web-based service that pulls trends out of data from the angel investment tracking site, AngelList, launched Thursday by Cambridge VC firm Atlas Venture and Boston development shop Bocoup LLC.

Thursday, January 26, 2012

Staples to open Cambridge e-commerce innovation center
Staples is hiring to develop new e-commerce offerings in a new development center located in the startup centrum of Kendall Square in Cambridge, the office supply chain announced, Thursday.

Wednesday, January 25, 2012

Monster lays off 400 worldwide
Monster Worldwide Inc. has laid off approximately 7 percent of its worldwide workforce, which translates to less than 100 positions in Massachusetts.

Tuesday, January 24, 2012

MTDC funds pair of MassChallenge finalists
True to its word from last October, MTDC today reports it has provided financial backing for two startups that were in the 2011 MassChallenge field, Libboo and Vsnap.
Bluefin Labs brings in $12M in Series B round
Cambridge startup Bluefin Labs Inc. has raised $12 million in a Series B funding from lead investor Time Warner Investments, the venture financing arm of Time Warner.
OwnerIQ buys R.I. ad serving startup DiJipop
Boston online advertising and media company OwnerIQ Inc. has purchased Providence, R.I.-based adtech startup DiJipop Inc. for an undisclosed amount.

Monday, January 23, 2012

GlassHouse grabs $4.4M in debt funding
A bit more than a month after pulling the plug on a planned IPO, GlassHouse Technologies Inc. has taken in $4.4 million in a new debt funding round, according to an SEC filing.